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1.1 About Double Materiality Assessment

Use the Double Materiality Assessment to identify which topics are material for your organization

Updated over 3 months ago

In Klappir‑Strategy, the materiality assessment helps your organisation focus on the sustainability topics that matter most — to your business, to people, and to the environment.

This is based on the double materiality principle, which considers two angles:

  • Impact materiality – How your organization affects people or the environment

  • Financial materiality – How sustainability risks and opportunities may affect your business

Together, these help you prioritize what to focus on in your policies, actions, and reporting.

What the Standards Say

  • Under DRAFT ESRS (European Sustainability Reporting Standards July 2025), double materiality is required for identifying which topics must be disclosed.

  • Under the VSME standard, materiality is not required, but organizations may still use it to guide their reporting. Instead, SMEs report each topic if applicable.

💡 Even if you're reporting under VSME, doing a quick materiality assessment can help you focus on what’s most relevant and reduce unnecessary work.

Why It Matters

A good materiality assessment helps you:

  • Focus on what’s relevant to your business and stakeholders

  • Avoid wasting time on low-impact or irrelevant topics

  • Build a report that is more useful, credible, and aligned with external expectations (e.g. ESG ratings, clients, investors)

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